Updated Dec 20, 2023
Daniel Sklaar Acquires East Williamsburg Industrial Property For $5M
70 Scott Ave, Brooklyn, NY 11237, USA
$5,000,000
$47/SF
Building Size
106,150 SF
Asset Type
Industrial
Closing
Nov 18, 2018
About this deal
AI
An industrial property located at 70 Scott Avenue in East Williamsburg has been sold for a price of $5,000,000. The property spans over 10,615 square feet with a price per square foot of $471. The transaction involved the seller, Alex Tukmanian, and the buyer, Daniel Sklaar.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Square Footage: 10,615
- Price per Square Foot: $471
- Address: 70 Scott Avenue
- Market: East Williamsburg
The deal was facilitated by two sets of brokers. DJ Johnston and Bryan Kirk of b6realestate represented the seller, Alex Tukmanian, while Brendan Maddigan and Ethan Stanton of JLL represented the buyer, Daniel Sklaar.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93